https://www.taxtmi.com/caselaws?id=412099 The Tribunal quashed the rectification order dated 30.11.2018 as it was passed beyond the permissible time limit under section 154(7). Consequently, the issues regarding the addition of interest on income tax refund and pre-operative income to book profit, as well as the chargeability of interest under sections 234D and 220(2), were not adjudicated upon as they were rendered academic. The appeal by the assessee was partly allowed on the ground of the rectification order being time-barred. en-us Fri, 03 Sep 2021 00:00:00 +0530 Fri, 10 Sep 2021 09:05:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412099 The Tribunal quashed the rectification order dated 30.11.2018 as it was passed beyond the permissible time limit under section 154(7). Consequently, the issues regarding the addition of interest on income tax refund and pre-operative income to book profit, as well as the chargeability of interest under sections 234D and 220(2), were not adjudicated upon as they were rendered academic. The appeal by the assessee was partly allowed on the ground of the rectification order being time-barred. Case-Laws Income Tax Fri, 03 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412099